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Chanel Ltd., the fashion house synonymous with woven chain-link handbags, tweed blazers and No. 5 fragrance, posted a slump in sales last year as the pandemic closed boutiques and disrupted international travel.
Chanel Ltd., the maker of iconic tweed blazers, said sales fell last year as the pandemic closed boutiques and disrupted international travel.
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Despite a dip in revenues, the luxury fashion house is optimistic for an improvement in profitability and has prioritised heavy investment in client facing retail, creative collections and big store revamps. Vogue Business unpacks its strategy.
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The new shops are being built near or inside train stations in the suburbs of Tokyo and Osaka by Ryohin Keikaku, the brandu2019s parent company.
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